Rhumbline Advisers Sells 13,559 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Rhumbline Advisers decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,129,112 shares of the home improvement retailer's stock after selling 13,559 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Lowe's Companies worth $278,665,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC purchased a new stake in Lowe's Companies during the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe's Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC raised its stake in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. JNBA Financial Advisors increased its position in Lowe's Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after buying an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in shares of Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. DA Davidson lifted their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Mizuho increased their target price on Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, TD Cowen increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $282.96.

Lowe's Companies Trading Down 1.7 %

NYSE:LOW traded down $4.22 on Wednesday, hitting $246.49. The company's stock had a trading volume of 2,513,277 shares, compared to its average volume of 2,162,052. The firm has a market capitalization of $139.18 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. The stock has a fifty day moving average of $254.54 and a two-hundred day moving average of $258.73. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Insider Buying and Selling

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by insiders.

About Lowe's Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.